According to Mr Sriram, Indian retail is struggling because 'patient' capital is not forthcoming, cost of capital is too high, cost of doing business is very high, employment costs are too high, margins are too low... all these promoters have been around for more than 20 years... how many more years of 'patience' do they want from capital providers? It's the job of the promoter to keep operating and selling costs low. Employments costs can be lowered if you keep the C-suite salaries at realistic levels. So let's stop making excuses. If you can't perform, you will have to perish.

Milton : October 18, 2012 According to Mr Sriram, Indian retail is struggling because 'patient' capital is not forthcoming, cost of capital is too high, cost of doing business is very high, employment costs are too high, margins are too low... all these promoters have been around for more than 20 years... how many more years of 'patience' do they want from capital providers? It's the job of the promoter to keep operating and selling costs low. Employments costs can be lowered if you keep the C-suite salaries at realistic levels. So let's stop making excuses. If you can't perform, you will have to perish.